Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/194144
Authors: 
Huber, Peter
Nowotny, Klaus
Year of Publication: 
2018
Series/Report no.: 
WIFO Working Papers 569
Abstract: 
We use individual level data covering 30 mostly post-communist and developing countries which account for over a fifth of the worldwide immigrant stock to assess the impact of risk aversion on the willingness to migrate. Consistent with theories of individual level migration decisions, risk aversion has a statistically significant negative impact on both the willingness to migrate within countries as well as abroad. This applies to virtually all countries considered and is robust across various specifications, to alternative measures of risk aversion and to different measures of the willingness to migrate. Differences in the impact of risk aversion on the willingness to migrate are also positively correlated to measures of sending country risks and the missing variable bias of omitting risk aversion from migration regressions is substantial.
Subjects: 
Migration intentions
Risk Aversion
Former Communist Countries
JEL: 
J61
R23
Document Type: 
Working Paper

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